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The Prime Minister, Shri Narendra Modi inaugurated the new campus of National Academy of Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram, Sri Sathya Sai District in Andhra Pradesh on 16.01.2024. He also took a walkthrough of the exhibition showcased…
Income Tax Department initiated search and seizure operations in the case of a group, engaged in the manufacturing of wires and cables and other electrical items on 22.12.2023. Some of the authorised distributors of the group were also covered in…
The provisional figures of Direct Tax collections up to 10th January, 2024 continue to register steady growth. Direct Tax collections up to 10th January, 2024 show that gross collections are at Rs. 17.18 lakh crore which is 16.77% higher than the gross…
During the year 2023, Directorate General of GST Intelligence (DGGI) which is the premier investigating agency for GST matters, continued its relentless pursuit to check evasion of GST across the country. It has unveiled significant GST evasion in diverse sectors…
To curb frauds in Goods and Services Tax (GST) and increase compliance, the GST formations, under the Central Board of Indirect Taxes and Customs (CBIC) and the State/UT Governments, across the country are carrying out a focused drive on the…
During the April-December 2023 period, gross GST collection witnessed a robust 12% y-o-y growth, reaching Rs.14.97 lakh crore, as against Rs.13.40 lakh crore collected in the same period of the previous year (April-December 2022). The average monthly gross GST collection of Rs.1.66 lakh crore in…
Section 194-O of the Income-tax Act, 1961 (‘the Act’) provides that an e-commerce operator shall deduct income-tax at the rate of one per cent of the gross amount of sale of goods or provision of service, or both, facilitated through…
Index: CENTRAL BOARD OF DIRECT TAXES CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS (CBIC): CUSTOMS INFRASTRUCTURAL INITIATIVES In the year 2023, the Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has taken many citizen-centric initiatives throughout the…
Income Tax Department conducted a Search & Seizure operation on a group, engaged in the business of manufacture and sale of country liquor, grain-based alcohol, bottling of foreign liquor, running hospitals and educational institutions, etc. on 06.12.2023. This operation covered more than 30 premises spread…
Due date of filing GSTR-3B has been extended from 20.12.2023 to 27.12.2023 for the taxpayers whose principal place of business is located in the 4 cyclone affected Revenue districts of Chennai, Tiruvallur, Chengalpattu and Kancheepuram of Tamil Nadu.